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lesuorac 4 hours ago

Isn't the bigger issue with the parent's argument that its comparing apples and oranges?

Like the customers were largely owed _not_ USD and so compared the USD value owed _4 years ago_ to the _current day_ USD value of something else that wasn't owed is just not correct.

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To do some of the math, assuming all the funds owed were bitcoin then 9 Billion / $17,000 ~= 47 thousand BTC owed.

At current $64k/BTC prices that's roughly $30 Billion. Which while still lower than $75B is much higher than just $9B and doesn't excuse SBF from fraudulently and very publicly claiming that all the money invested as backed 1:1 when it wasn't.

I also don't know how much more FTX's stake would be diluted as well and another commentator talked about nearly half so then it might not cover the "actual" owed value.